News: General Growth Properties Inc (GGP.MU)

GGP.MU on Munich Stock Exchange

18 Dec 2014
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€0.78 (+3.59%)
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Wed, Nov 5 2014

Fitch: Spinoffs Reduce Bargaining Power of Second-Tier Malls

(The following statement was released by the rating agency) NEW YORK, November 05 (Fitch) Traditional in-line mall tenants are increasingly relocating outlets from second-tier malls into dominant, open air shopping centers, according to Fitch Ratings. This developing trend could weaken the credit profiles of retail REIT landlords with sizeable second-tier mall holdings, such as Washington Prime Group, Inc. (WPG) and CBL & Associates, Inc. (CBL). Generally speaking, the weak performance of

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